American Express (Amex) has joined forces with
business software provider SAP to provide a ‘plug and play’
solution designed to combat delays for corporate adoption of
electronic payments in the US.
High costs of deployment and connecting
together third-party systems can deter US companies from
e-payments. However Amex and SAP’s latest offering claims to help
organisations drive process efficiencies without the need for large
scale, up-front development investments.
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The solution, which is a combination of Amex’s
Buyer Initiated Payments solution and process integration (PI)
technology from the SAP NetWeaver technology platform, will feature
a ‘plug and play’ feature which is claimed to enable SAP customers
to adopt e-payments quickly.
“Automated payments solutions can be critical
to companies seeking to save money, but have historically required
significant investments in resources and time to implement,” said
Jaromir Divilek, senior vice-president and general manager,
American Express Global Commercial Card.
“With this joint effort, we will be able to
offer SAP and American Express clients a faster and more cost
effective way to recognise the benefits of electronic
payments.”
As part of the agreement, Amex will license
SAP NetWeaver PI technology and plans to deploy the solution during
the first quarter of 2011.
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